Country explores avenue to boost revenue collection
Country explores avenue to boost revenue collection

Bangladesh has significant potential for mobilising revenue collection, as highlighted by a recent official assessment on revenue buoyancy, a measure reflecting how tax revenues respond to economic growth, reports UNB. Revenue buoyancy, the responsiveness of revenues to gross domestic product...

Country’s GDP growth slows to 3.91% in Q4
Country’s GDP growth slows to 3.91% in Q4

Bangladeshs GDP (Gross Domestic Product) growth decelerated to 3.91 per cent year-on-year in the fourth quarter (April-June) of the fiscal year 2023-24, according to data from the Bangladesh Bureau of Statistics (BBS). This figure marks a significant drop compared to 6.88 per cent GDP growth...

World Bank cuts Bangladesh’s GDP growth at 4%
World Bank cuts Bangladesh’s GDP growth at 4%

Bangladeshs economy is expected to grow 4 per cent in the current fiscal year ending in June 2025, said the World Bank (WB) in its latest Bangladesh Development update published on Tuesday. According to the update, Bangladeshs post-pandemic recovery remains challenging due to high inflation, a...